Ctac has acquired a 70% stake in Purple Square Management Partner

Business and cloud integrator Ctac N.V. has acquired a 70% stake in Purple Square Management Partners B.V. (Purple Square), a company that specializes in program and project management and change management.

Ctac develops and implements industry-tailored solutions responding specifically to the business processes of its customers that are active in a variety of markets. Ctac creates the required business value through constant innovation. The company offers a broad portfolio of solutions, including SAP and Microsoft, and provides services in the fields of consultancy, managed services, projects, learning and secondment. In addition, Ctac has its own products, including the XV Retail Suite, which consists of an omnichannel-driven point-of-sale and loyalty platform. Ctac has been in business for 27 years and has built up extensive experience and material know-how in the retail, wholesale, manufacturing and real estate sectors. In 2018, the firm recorded revenues of €83 million. Ctac is listed on Euronext Amsterdam (ticker: CTAC) and its head office is located in ’s-Hertogenbosch, the Netherlands.

Purple Square is a Netherlands-based company specialized in program and project management and change management. Purple Square was founded in 2014 and is based in Weert, Limburg. The team currently has 25 highly experienced project and program managers.

Oaklins’ team in the Netherlands acted as the exclusive buy-side advisor to Ctac N.V. in this transaction.